TOYO KANETSU, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 77%

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Fri Feb 14, 2025 4:30 pm JST Earnings

6369 TOYO KANETSU K.K. 【J-GAAP】

Earnings Report

TOYO KANETSU K.K. <6369> [TSE Prime] announced its financial results after the market closed on February 14th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 2.69 billion yen, an increase 76.9% compared to the same period last year. The progress rate toward the full-year plan of 4.1 billion yen was 65.7%, exceeding the five-year average of 57.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 31.6% from the same period last year to 1.4 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 0.65 billion yen, an increase of 1.5% compared to the same period last year. The operating profit margin remained almost flat, changing from 3.8% in the same period last year to 4.0%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	33,240	1,152	1,590	1,142	141.0	54.9	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	37,012	1,073	1,523	1,693	216.6	42.6	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	42,808	2,488	2,694	2,063	267.5	65.7	Feb 14, 2025	J-GAAP
YoY	+15.7%	+131.9%	+76.9%	+21.9%	+23.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	30,647	2,539	2,702	3,152	404.5	229	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	31,025	1,983	2,062	1,184	153.5	132	Nov 14, 2024	J-GAAP
YoY	+1.2%	-21.9%	-23.7%	-62.4%	-62.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	47,351	2,497	2,896	2,378	293.6	147	May 12, 2023	J-GAAP
Mar, 2024	53,787	3,090	3,579	3,554	456.1	229	May 14, 2024	J-GAAP
Mar, 2025 Guidance	59,500	3,900	4,100	2,800	363.0	182	Aug 9, 2024	J-GAAP
YoY	+10.6%	+26.2%	+14.6%	-21.2%	-20.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	13,872	522	646	1,291	165.2	3.8	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	16,775	2,017	2,056	1,861	238.9	12.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	13,996	1,302	1,446	949	123.2	9.3	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	14,479	615	592	667	86.5	4.2	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	14,333	571	656	447	58.0	4.0	Feb 14, 2025	J-GAAP
YoY	+3.3%	+9.4%	+1.5%	-65.4%	-64.9%